Risks

ast is beta software. Read this before putting money in, and never put in more than you can lose.

• Leverage decay. A leveraged token loses value in choppy, sideways markets even if the underlying ends flat. Higher leverage decays faster. A token can go to near zero from decay and drawdowns alone.
• Custodial backing. The perpetual position lives on an Aster account operated by our keeper. Aster itself, and our operation of the account, are trusted components. We say so plainly.
• Oracle staleness. If the keeper stops publishing equity, buying pauses on affected tokens. Selling stays open on idle USDT.
• Idle liquidity. Sells are paid instantly only up to the USDT idle in the vault; larger sells wait for the keeper to refill from Aster, usually minutes. In extreme outflows this can take longer.
• Liquidation. The hedge runs at moderate leverage on Aster, but a violent move before the keeper rebalances can cause losses on the account that propagate to the vaults' NAV.
• Smart contract risk. The contracts are verified on BscScan but not audited yet. They may contain bugs.
• Memecoin risk. Tokens launched here are created by anyone. The backing does not make a token a good investment; it only makes it move with a market.

What is and is not protected

• Curve reserves can only move through trades and graduation. Graduated liquidity is locked forever.
• Creator fees are held by a contract and claimable only by the creator address.
• The hedge account's funds are not in a contract: they sit on Aster, under the keeper's control, and can only be withdrawn to the vault contracts.